SAN ANTONIO -- There's not going to be a cost of living increase for Americans receiving Social Security checks and many are wondering how they can make the most of the money they will receive.
First, know your retirement age. Most people think 65 is the key. But by waiting until age 70 to collect Social Security, a retiree can receive 132-percent more in benefits.
Experts say to make sure you ignore the rumor that your Social Security benefit is based on your last five years of earnings. It's actually calculated from your highest 35 years of earnings.
CLICK HERE for more 'maximize your Social Security benefits' strategies.
